Procter & Gamble Co (PG) Shares Bought by White Lighthouse Investment Management Inc.

White Lighthouse Investment Management Inc. lifted its stake in shares of Procter & Gamble Co (NYSE:PG) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,132 shares of the company’s stock after purchasing an additional 311 shares during the period. White Lighthouse Investment Management Inc.’s holdings in Procter & Gamble were worth $472,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Eukles Asset Management bought a new position in Procter & Gamble in the 4th quarter valued at $80,000. Tributary Capital Management LLC bought a new position in Procter & Gamble in the 4th quarter valued at $91,000. Mackey Komara & Dankovich LLC bought a new position in Procter & Gamble in the 4th quarter valued at $94,000. Ayalon Holdings Ltd. bought a new position in Procter & Gamble in the 3rd quarter valued at $108,000. Finally, First Mercantile Trust Co. bought a new position in Procter & Gamble in the 3rd quarter valued at $111,000. Institutional investors own 61.76% of the company’s stock.

PG has been the subject of several analyst reports. Zacks Investment Research reissued a “hold” rating and issued a $102.00 price target on shares of Procter & Gamble in a report on Monday, December 31st. Barclays reissued a “hold” rating and issued a $89.00 price target on shares of Procter & Gamble in a report on Tuesday, January 8th. Bank of America reissued a “buy” rating and issued a $108.00 price target on shares of Procter & Gamble in a report on Tuesday, January 8th. Evercore ISI initiated coverage on shares of Procter & Gamble in a report on Thursday, January 10th. They issued an “outperform” rating and a $105.00 price target for the company. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $95.00 price target on shares of Procter & Gamble in a report on Wednesday, January 23rd. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $97.74.

In related news, Director Trian Fund Management, L.P. sold 1,208,754 shares of Procter & Gamble stock in a transaction on Friday, February 15th. The shares were sold at an average price of $99.08, for a total value of $119,763,346.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Valarie L. Sheppard sold 1,236 shares of Procter & Gamble stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $100.12, for a total transaction of $123,748.32. The disclosure for this sale can be found here. Insiders have sold a total of 2,270,496 shares of company stock valued at $224,931,027 over the last ninety days. 1.84% of the stock is currently owned by insiders.

NYSE PG opened at $106.05 on Monday. Procter & Gamble Co has a 52-week low of $70.73 and a 52-week high of $106.71. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 0.40. The firm has a market cap of $267.35 billion, a PE ratio of 25.13, a P/E/G ratio of 3.43 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 23rd. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. Procter & Gamble had a net margin of 16.13% and a return on equity of 21.41%. The company had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $17.16 billion. During the same period in the previous year, the firm posted $1.19 EPS. The firm’s revenue was up .2% compared to the same quarter last year. On average, equities analysts expect that Procter & Gamble Co will post 4.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a dividend of $0.7459 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, April 17th. Procter & Gamble’s payout ratio is currently 70.62%.

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Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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